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Explain How Are Budgets Used For A Company Or In Government

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1 How are budgets used for a company or in government? What would your suggestions be to balance our economic budget? 2 After identifying suggestions for balancing the economic budget explain the importance of being able to identify various "variances" that may be identified? You may use any examples you want. A budget is a quantitative financial plan used for a future time period concerning revenues, manufacturing and costs of a business. The two basic elements of any budget are the revenues and expenses. Budgets are created on an annual basis so the company knows the expected needs of the business. A balanced economic budget is when revenues are equal to expenditures. My suggestion to balance our economic budget would be detailed analysis

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